• RSI Divergence Hints at SHIB Trend Reversal
• SHIB Burn Rate Jumps 3,255%, Supply Tightens
• $0.000012–$0.000013 Zone Faces Bullish Test

Shiba Inu (SHIB) is showing early signs of a major trend reversal as a bullish RSI divergence emerges on the daily chart. The token has maintained its key support while the RSI continues to trend upward, signaling growing strength. Combined with rising burn activity, SHIB could be preparing for a breakout.

Bullish RSI Divergence Confirms Strong Support Zone

According to an observation by market analysts, SHIB is holding a key higher timeframe support around $0.000011. At the same time, the RSI has started forming higher lows. A bullish divergence setup emerges before price increases start because of this particular configuration.

SHIB's price recently bounced from a low of $0.00001167 and reached $0.00001247 before facing resistance. Since December 2024 the daily 50-day simple moving average (SMA) standing at $0.00001257 has maintained its position as a vital resistance point. The token is now approaching this level again, which could trigger increased buying pressure if broken.

According to an analysis prepared by IntoTheBlock, 38.17 trillion SHIB tokens are held between $0.000012 and $0.000013. This creates a supply wall that bulls must overcome. If they do, the next resistance lies between $0.000013 and $0.000014, where 19 trillion tokens are concentrated among over 37,000 addresses.

Burn Activity and On-Chain Metrics Reinforce Bullish Setup

SHIB’s supply is gradually reducing, supported by increased token burns. According to Shibburn, over 28.4 million SHIB tokens were burned in the last 24 hours, pushing the burn rate up by 3,255.93%. 

This comes as part of a continued effort by the SHIB community to tighten supply. Over 410.7 trillion SHIB have been burned from the initial supply, while nearly 4.85 trillion remain staked. 

These figures point to strong community support and long-term interest. While price has not yet reacted sharply, on-chain signals and technical patterns indicate growing momentum toward a potential trend shift.

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